who owns matmor ip?, page-10

Hi Macro, yep, your guess is as good as anyone's without confirmation if it's still in place. Trials have been done since them on alternatives to coldry but no such luck.....,they seem to have come to the conclusion that it won't get near the efficencies without Coldry.

How much do you hold out; if without a key component it's no good to you; although obvously there will be a demand for it by ECT; common economics- demand increases price.....

From what I got it seems that with the milestones; they can seek milestone variation based on progress made; both parties want this to work; there is awareness that external forces can slow processes down and all of this is taken into consideration.

They seem comfortable with milestones as its all been worked towards; it's in the interest of both parties.

They have not started the pilot plant; it's about the 10m mark for design and construct. DFT for commercialization of coldry need to happen first. Generally, technologies such as Coldry and Matmor follow a step-wise scale up methodology designed to derisk the R&D investment. The logic being that if there is a scale at which the process fails to work either technically or economically, then the least amount of investment is lost getting to that point of failure.

With Matmor they are keen to attract industry players that either have a low grade iron ore resource (eg 40% to 50% magnetites), an iron oxide waste stream (millscale or nickel refinery tailings) or who face coking coal security of supply issues (e.g. India).

They have tested Indian lignite using Matmor which was successfully in each and every case.... This is also stated in one of the past announcements within the last few months. Matmor..... Subject to it being what the client wants (all test were successful) ; you would have to imagine in the steel making industry ; 20m would be.... Lose change to an 'industry player''

Have a good weekend guys; good times are ahead I feel